In this article: Coinmama review, we’re explaining and getting started with Coinmama crypto exchanges and demonstrating its features and functions.
An exchange is a marketplace for traders and investors to buy or swap different cryptocurrencies using fiat currencies or crypto coins.
Furthermore, exchanges ease trading; you can easily place orders and transfer funds between your wallets and exchanges.
Table of Contents
- About Coinmama.
- Starting with Coinmama.
Coinmama is a leader exchange in the crypto community by a group of crypto experts and entrepreneurs. Coinmama enables you to sell/buy crypto easily and securely.
Also Read: Binance Review and Best Alternatives.
Coinmama has different functions and features that have drawn our attention during our Coinmama review. In the following part, we’re explaining all of Coinmama’s features.
The first thing to think about for sure when it comes to financing is security, especially if you’re going to place orders on such platforms.
Coinmama has a high-security level against the growing cyber-attacks on crypto exchanges. Also, Coinmama doesn’t keep your assets as Coinmama will transfer them directly to your wallet.
Multiple Payment Solutions.
Coinmama has different payment solutions for users. Hence, you can choose whatever platform you prefer to proceed with, like bank transfer, credit card, debit card, and more.
Coinmama has a presence in almost all countries, leading to an understanding of how popular Coinmama is. Also, there are over 2 million crypto investors over the world who have trusted Coinmama with their exchanges.
Easy to Use.
Combining Coinmama’s multiple payments solutions and global operations leads to its ease of use. Moreover, Coinmama has a simple interactive UI that would support your daily use of Coinmama.
You can purchase any of the following crypto coins on Coinmama:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Cardano (ADA)
- Litecoin (LTC)
- Tezos (XTZ)
However, if you’re not finding a coin that you were hoping for, Coinmama is still expanding, and they’re adding more coins and tokens soon.
Is Coinmama Easy to Use?
Yes, Once you’ve created and verified your account on Coinmama, you can start placing orders and trading seamlessly.
Is Coinmama Safe?
Coinmama has a high-security standard. Moreover, the platform doesn’t keep customer details in its records.
What’re Coinmama Fees?
For buying, Coinmama has a commission fee of up to 3.90%. Also, there is 5% more if you’re using a Credit/debit/prepaid/virtual cards.
And for selling, Coinmama’s fee gets up to 1.9%. We recommend reading more about Coinmama’s fees here.
Starting with Coinmama.
In the following part of our Coinmama review, we’re explaining how to start your account on the platform and get going with it.
Create An Account.
Firstly, visit Coinmama’s website and enter your information. Always use a strong, unique password for such platforms.
Verify Your Identity.
After creating your account, you can start verifying your identity for further security on the platform. The process is easy, and Coinmama will take you through it.
Place Your First Order.
Now, to place your order select the amount you’d like to purchase. Notice that prices include Coinmama’s fees.
Secondly, Enter your wallet address to where you want purchased coins to be transafered.
After that, Choose your payment method.
Since Coinmama’s creation in 2013, the platform has proved itself to be one of the most trustworthy exchanges. It has given traders and investors many features; the most important is the ease of use and different supported payment methods. However, there is something that we didn’t like as well, more in the following Coinmama pros and cons.
- Easy to use
- Supports many payments methods
- available globally.
- relatively high fees.
If you didn’t like Coinmama for any reason, no problem. We’re providing you with the best alternatives for Coinmama to check.
ChangeHero is one of the best crypto exchange platforms in the market. You can convert Bitcoin, Ethereum, Litecoin, and over 100 crypto assets fast and securely.
Advanced Spot and P2P trading platform. Supports more than 740 cryptocurrency and fiat pairs, like Bitcoin, Ethereum, Litecoin and Binance Coin.
Use the CopyTrader system to replicate everything they do in real-time. Get the same results as experts and maximize your profit.
ChangeNOW is a non-custodial service created for simple and fast cryptocurrency exchanges. ChangeNow strives for maximum safety, simplicity, and convenience.
Founded in 2012, Bitfinex was one of the first professional platforms set up to accommodate for the booming interest in cryptocurrency trading.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Finally, we’d love to hear from you in the comments. So tell us, what are your thoughts on this Coinmama review? And which supported coins would you like to see in the future?